MH Park Evaluation Sellers Numbers

Name of Mobile Home Park Frank & Daves Sunny Acres Mobile Hom
Number of Lots 29
Occupied & Paying Lots 28
Vacant Lots 1
Allowance for Collections 5.00%
Average Space Rent $120.00
Number of Park Owned Homes 5
Average Value of Park Owned Homes $5,000.00
Discounted Percentage (if any) 100.00%
Total Park Owned Home Value $25,000.00
Seller Financed Notes to Be Transferred $0.00
Discounted Percentage (if any) 0.00%
Value of Seller Financed Notes $0.00
Purchase Price $175,000.00
Maximum Cap Rate you are willing to pay 10.00%
Down Payment Percent 25.00%
Down Payment Amount $43,750.00
Amount of Mortgage $131,250.00
Term of Mortgage (in months) 300
Interest Rate 8.50%

Income Sellers Numbers

Income from Lot Rent Only $ 40,320.00
Other Income - Don't Include Park Owned Home or Note Income $ -
Less: Collections Allowance $ (2,016.00)

Total Income $ 38,304.00

Expenses (only include expense related to lot rent - not rental of homes)
Advertising $ -
Amortization -
Auto Expenses -
Bank & Credit Card Fees -
Contract Labor -
Depreciation -
Employee Benefits -
Insurance - Liability 1,006.00
Insurance - Property -
Insurance - Workers Comp -
Interest - Mortgage -
Interest - Other -
Landscaping 369.00
Legal & Accounting -
Licenses 105.00
Maintenance Supplies -
Office Supplies -
Payroll - Management & Maintenance -
Payroll Taxes -
Rent & Lease Payments -
Repairs & Maintenance - Buildings 48.66
Repairs & Maintenance - Equipment -
Repairs & Maintenance - Roads -
Repairs & Maintenance - Utilities -
Reserve for Capital Improvements (suggest 2-5%) -
Taxes - Other -
Taxes - Property -
Telephone -
Travel -
Utilities - Gas & Electric -
Utilities - Trash 2,028.32
Utilities - Water & Sewer 8,854.15
Other Expenses - Admin -
Other Expenses - Misc -
Other Expenses -
Other Expenses -

Total Expenses $ 12,411.13

Net Income $ 25,892.87

Adjustments to Get to Net Operating Income

Amortization $ -
Depreciation -
Interest - Mortgage -
Interest - Other -
Other Personal Expenses Paid by Business -

Total Addbacks $ -

Net Operating Income (Net Income + Addbacks) $ 25,892.87

Mortgage Payment $ 12,682.33

Net Cash Flow $ 13,210.54

Cash on Cash Return 30.20%

Total Year 1 Return (Cash on Cash + Debt Paydown) $14,736.62

Value Based on Cap Rates & Separating out Park Owned Homes
Net Operating Income (Calculated Above) $ 25,892.87
Maximum Cap Rate you are willing to pay 10.00%
Value of Lot Only Portion $ 258,928.70
Value of Park Owned Homes $ 25,000.00
Value of Seller Financed Notes $ -
Total Park Value $ 283,928.70

Maximum Sales Price Based on Amount Mortgage will Support

Net Operating Income (Calculated Above) $ 25,892.87
Debt Coverage Ratio (usually 1.25) 1.25
Net Operating Income / Debt Coverage Ratio $ 20,714.30
Maximum Annual Loan Property Supports $ 214,373.23
Divided by Loan to Value 75.00%

Equals Max Sales Price Based on Mortgage $ 285,830.98

Purchase Price $ 175,000.00

Down Payment Percent 25.00%
Down Payment Amount $ 43,750.00
Amount of Mortgage $ 131,250.00
Term of Mortgage (in months) 300
Interest Rate 8.50%
Monthly Payment $ 1,056.86
Yearly Payment $ 12,682.33
First Year Debt Paydown $ 1,526.08
 Your Numbers Potential Numbers
Frank & Daves Sunny Acres Mobile Home Park The Orange Areas Will Automatically Calculate
55 100 Enter Information in the Yellow Areas
55 90
0 10
10.00% 5.00%
$192.00 $200.00
0 10
$0.00 $5,000.00
0.00% 100.00%
$0.00 $50,000.00
$0.00 $50,000.00
0.00% 90.00%
$0.00 $45,000.00
$695,000.00 $1,300,000.00
10.00% 9.00%
25.00% 20.00%
$173,750.00 $260,000.00
$521,250.00 $1,040,000.00
300 360
8.50% 7.00%

Your Numbers Potential Numbers

$ 126,720.00 $ 216,000.00
$ 19,000.00 $ -
$ (12,672.00) $ (10,800.00)

$ 133,048.00 $ 205,200.00

$ 600.00
 1,850.00

- -
- -
600.00 -
- -
- -
360.00 -
8,400.00 -
1,600.00 -
- -
- -
- -
- -
5,500.00 -
5,000.00 -
- -
13,900.00 -
600.00 -
1,500.00 -
200.00 -
2,500.00 -
20,000.00 -
500.00 -
1,500.00 -
- -
 - -

$ 64,610.00 $ -

$ 68,438.00 $ 205,200.00

$ - $ -
- -
- -
- -
- -

$ - $ -

$ 68,438.00 $ 205,200.00

$ 50,366.95 $ 83,029.75

$ 18,071.05 $ 122,170.25

10.40% 46.99%

$24,131.75 $132,400.00

$ 68,438.00 $ 205,200.00
10.00% 9.00%
$ 684,380.00 $ 2,280,000.00
$ - $ 50,000.00
$ - $ 45,000.00
$ 684,380.00 $ 2,375,000.00

$ 68,438.00 $ 205,200.00
1.25 1.25
$ 54,750.40 $ 164,160.00
$ 566,614.49 $ 2,056,207.53
75.00% 80.00%

$ 755,485.99 $ 2,570,259.41

$ 695,000.00 $ 1,300,000.00
25.00% 20.00%
$ 173,750.00 $ 260,000.00
$ 521,250.00 $ 1,040,000.00
300 360
8.50% 7.00%
$ 4,197.25 $ 6,919.15
$ 50,366.95 $ 83,029.75
$ 6,060.70 $ 10,229.75
tically Calculate